Analyzing Compensation Methods in Manufacturing : Piece Rates, Time Rates, or Gain-Sharing?

Susan Helper, Morris M. Kleiner, Yingchun Wang

Economists have often argued that "pay for performance" is the optimal compensation scheme. However, use of the simplest form of pay for performance, the piece rate, has been in decline in manufacturing in recent decades. We show both theoretically and empirically that these changes are due to adoption of "modern manufacturing" in which firms produce a greater variety of products to a more demanding quality and delivery standard

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Year of publication:	November 2010
Authors:	Helper, Susan
Other Persons:	Kleiner, Morris M. (contributor) ; Wang, Yingchun (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Akkordlohn \| Piece rate \| Industrie \| Manufacturing industries \| Vergütungssystem \| Compensation system \| Zeitlohn \| Hourly wage rate \| Großbritannien \| United Kingdom \| Erfolgsbeteiligung \| Profit sharing

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